Question: please show the break down for this problem and the answers Required information The Foundational 15 (Static) [LO13-1, LO13-2] [The following information applles to the
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Required information The Foundational 15 (Static) [LO13-1, LO13-2] [The following information applles to the questions displayed below] Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows. During the year, Raverna paid a $6,000 cash dividend and it sold a piece of equipment for $3,000 that had originally cost $6.000 and had accumulated depreciation of $4,000. The company did not retire any bonds or repurchase any of its own common stock during the year. During the year, Ravenna paid a $6,000 cash dividend and it sold a plece of equipment for $3,000 that had originally cost $6,000 and had accumulated depreciation of $4,000. The company did not retire any bonds or repurchase any of its own common stock during the year. oundational 1312 (Static) What is the amount of gross cash outflows reported in the investing section of the company's statement of cash flows
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